MillerKnoll, Inc. (NASDAQ:MLKN) Shares Purchased by Amundi

Amundi increased its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 207.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,433 shares of the company's stock after purchasing an additional 27,276 shares during the period. Amundi owned 0.06% of MillerKnoll worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MLKN. Smartleaf Asset Management LLC boosted its position in MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after purchasing an additional 1,201 shares during the period. Avior Wealth Management LLC boosted its position in MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after buying an additional 1,448 shares during the last quarter. KBC Group NV boosted its position in MillerKnoll by 62.9% in the 4th quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after buying an additional 1,281 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in MillerKnoll in the 3rd quarter valued at about $84,000. Finally, Verition Fund Management LLC purchased a new position in MillerKnoll in the 3rd quarter valued at about $210,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

MillerKnoll Stock Down 2.5 %

NASDAQ:MLKN traded down $0.47 on Friday, reaching $18.49. The stock had a trading volume of 1,782,119 shares, compared to its average volume of 574,343. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $21.46 and a 200 day moving average of $23.35. The stock has a market cap of $1.26 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. MillerKnoll, Inc. has a 12-month low of $18.28 and a 12-month high of $31.73.

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MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The company had revenue of $970.40 million during the quarter, compared to analysts' expectations of $959.60 million. During the same period in the prior year, the company posted $0.59 EPS. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 annualized dividend and a dividend yield of 4.06%. MillerKnoll's payout ratio is 82.42%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th.

MillerKnoll Company Profile

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.